ICBC, Huatai Mentioned in Leaks Case, Economic Daily Reports

By Bloomberg News -
Oct 27, 2011

Industrial and Commercial Bank of
China Ltd. and a unit of Huatai Securities Co. were among
companies mentioned in a government file relating to a case of
leaked economic data that resulted in two former government
officials being sentenced to jail, the Economic Information
Daily reported, without saying where it obtained the information.

Founder Securities Co., China Securities Co., Orient
Securities Co., Fortune Securities Co., Sun Life Everbright Life
Insurance Co. and Gold Mellon Asset Management Co. were the
other companies listed, the newspaper reported, without giving
more details about the file in which their names appeared. The
unit of Huatai was Huatai United Securities Co., according to
the report. Economic Information Daily is an affiliate of the
official Xinhua News Agency.

Chen Yong, a spokesman for Founder Securities, said, “the
report about our company is nonsense.”

Calls to ICBC’s media department, Orient Securities’s media
department, Huatai Securities’s spokesman, and the main lines at
China Securities and Fortune Securities weren’t immediately
answered. Sun Life Everbright didn’t immediately reply to a
message left with its front desk seeking comment. Phone numbers
listed on Gold Mellon Asset’s website weren’t in service when
called today.

Wu Chaoming, a researcher with Finance Institute at the
People’s Bank of China, was sentenced to six years in jail for
intentionally revealing secret data to the securities industry,
the government said Oct. 24. Sun Zhen, a former secretary to a
deputy director in the National Bureau of Statistics, was
sentenced to five years in jail for disclosing state secrets.